This website is neither a solicitation nor an offer to buy or sell. Do not trade with money you cannot afford to lose. Trading involves substantial risk of loss and is not suitable for everyone. You must be aware of the risks of investing and be willing to accept them in order to trade. High leverage can work against you as well as for you. Risks and Limitations: Trading on financial instruments including but not limited to forex, futures, options, shares, and cryptocurrencies has large potential rewards, but also large potential risks. You should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. dba is a US regulated corporation (NFA ID 0418103). US residents may open trading accounts at. This site is operated by Clear Markets Ltd., Intershore Chambers #4342, Road Town, Tortola, BVI VG1110. Regardless of the amount of funds raised with the present issue, tubesolar AG will be dependent on raising further funds - equity and/or debt - in the short term in order to avoid insolvency and to continue its business activities.ģ CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.This site does not offer trading accounts to US residents and is not regulated in the USA. This takes account of the fact that the Company is currently exposed to supply difficulties for the most important precursor product - namely PV foil. This includes the very extensive use of short-time working. If it is not possible to place the convertible bond, the Executive Board is expected to file an application for insolvency proceedings with the competent local court in the second half of June due to insolvency.įurthermore, the Executive Board will immediately implement measures to reduce current costs. The subscription offer, a basic information sheet and the convertible bond terms and conditions are also expected to be available on the Company's website at in the Investor Relations section from June 2, 2023.

A capital reduction will not affect the aforementioned exchange ratio. The Executive Board will therefore propose a capital reduction to the next Annual General Meeting. Bonds not subscribed by shareholders within the subscription period will be offered to selected investors for purchase at the subscription price in a private placement.īased on the current stock market price of the Company's shares of well below one euro, a capital increase without a prior capital cut does not appear to be feasible from the Company's point of view. The subscription period is expected to begin on Jand end on J(both inclusive). The corresponding subscription offer is expected to be published in the Bundesanzeiger (Federal Gazette) on June 2, 2023. four no-par value bearer shares entitle the holder to subscribe to one bond) at a subscription price of 100% of the nominal amount of EUR 1.00 per bond. The bonds will be offered to the Company's shareholders for subscription at a ratio of 4 to 1 (i.e. Shareholders are granted the statutory subscription right. The conversion price per share is EUR 1.00. The final maturity date is August 1, 2027. The term of the convertible bond begins on August 1, 2023. Each bond will bear interest of 2.0% p.a. To this end, the Executive Board of the Company today resolved, with the approval of the Supervisory Board, to issue a convertible bond on the basis of the authorization resolution of the Annual General Meeting on August 14, 2020.įollowing today's resolution, the Company will issue a 2.0% convertible bond with a total nominal value of up to EUR 4,500,000.00, divided into up to 4,500,000 bearer bonds with equal rights and a nominal value of EUR 1.00 each. Tubesolar AG: tubesolar AG decides to issue convertible bond and initiate cost-cutting measuresĪugsburg, tubesolar AG (ISIN DE000A2PXQD4) tries to cover the short-term financial needs of the company by issuing a convertible bond and thereby avert the insolvency of the company.

Tubesolar ag stock price